The structure on $MTL has changed enough to put this setup on my watchlist.
What stands out here is that volume is running about 3.8x its recent pace, open interest is down 4.3%, and the 1H move is -2.08%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bullish, and the current 15m structure agrees. That keeps the advantage with buyers for now.
The next test is around $0.432. A clean hold above that area would strengthen continuation; rejection there would make a pullback more likely.
Would you take this LONG setup on $MTL, or wait for a cleaner entry?
#MTL #Trading
Trade plan: LONG
Entry: $0.3057
SL: $0.2684
TP1: $0.432
TP2: $0.4321
TP3: $0.4322
What stands out here is that volume is running about 3.8x its recent pace, open interest is down 4.3%, and the 1H move is -2.08%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bullish, and the current 15m structure agrees. That keeps the advantage with buyers for now.
The next test is around $0.432. A clean hold above that area would strengthen continuation; rejection there would make a pullback more likely.
Would you take this LONG setup on $MTL, or wait for a cleaner entry?
#MTL #Trading
Trade plan: LONG
Entry: $0.3057
SL: $0.2684
TP1: $0.432
TP2: $0.4321
TP3: $0.4322
